Dow (DOW) Updates Q3 Guidance

Dow Inc. (NYSE: DOW) today provided an update to its third quarter 2024 earnings guidance. The Company expects third quarter revenue to be approximately $10.6 billion and Operating EBITDA¹ to be approximately $1.3 billion.

"The updated third quarter outlook is largely driven by a significant unplanned event that occurred in late July at one of our ethylene crackers in Texas. In addition, we are currently experiencing higher input costs and margin compression in Europe. These headwinds are partially offset by improved North America pricing and feedstock costs in Packaging & Specialty Plastics," said Jim Fitterling, chair and chief executive officer. "As we look to the fourth quarter, we expect typical seasonality in demand. However, we expect a positive impact from lower turnaround costs, higher operating rates as we ramp up our Texas cracker, and fewer weather-related events in the U.S. Gulf Coast. We remain focused on maintaining our operating and financial discipline while executing on our long-term growth levers."

Fitterling will participate in a fireside chat today at 11:45 a.m. ET during the 12^th Annual Morgan Stanley Laguna Conference, as previously announced by the company on September 9, 2024. Interested parties can join the live webcast. A replay and transcript will also be available following the event.

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